What are the typical closing costs associated with getting a mortgage from Quicken Loans?

As of the latest data, the typical closing costs associated with getting a mortgage from Quicken Loans generally include several types of fees. Borrowers can expect to pay an origination fee, which is what the lender charges for processing the loan, and this fee usually varies depending on the size of the loan and can be a flat amount or a percentage of the loan amount. Additionally, there are appraisal fees, credit report fees, title insurance and search fees, recording fees which vary by county, and possibly survey fees if a new survey of the property is needed. Borrowers should also be prepared for additional charges such as prepaid interest charges, escrow reserves for property taxes and homeowner's insurance, notary fees, and tax monitoring and tax status research fees. The total closing cost amount typically ranges between 2% and 5% of the home purchase price. It’s important to review the Loan Estimate provided by Quicken Loans carefully to understand all the charges and to ask questions about anything that isn't clear.